Looks promising, hopefully we head back to 20p+ soon |
She finally looks ready to move north |
The force is strong here.
There is a disturbance in the force:
free stock charts from uk.advfn.com
The share price has just edged above the 45 day moving average. It last did that in June 2023, before the move up to the 20p+ mark.
Volatility is making a significant move upward. The last such significant move was also June 2023.
Volume has edged up in the last few days but not to any significant extent.
What about those tight Bollies, how goes the squeeze?:
free stock charts from uk.advfn.com
The share price remains inside the bands. Three or four days of upward movement is needed to confirm a breakout. Ditto, for a downward breakout.
There is a slight upward movement in Bollinger Band Width from the lows:
free stock charts from uk.advfn.com
Watch the guidelines for a signal.
Flow rate results are on the horizon.
Which way will the share price go?
Do y'all feel lucky punks?
I am a conservative £42 person.
Be careful. |
Brilliant Kq1. You deserve more than a coffee for your determination and effort and your generous sharing of information. Much appreciated buddy. |
PROtaaaaaaard ramping this again. Lowest level soon? :D |
 CORRECTION.
The numbers derived from the data I presented earlier looked crazy, so I've double-checked the source for volume of methane per km³. It's clearly wrong, where it says BCM it should be BCF, so is out by a factor of 35. My profuse apologies for causing any over-excitement.
To cross-check, I've done things by a different route - so here's a detailed calculation for cfg per km³ of source rock, where I have taken detailed basic numbers from a reputable source, the British Geological Survey -
hxxps://nora.nerc.ac.uk/id/eprint/509720/1/OR14056.pdf Section 3.1, p.10.
* Methane content mg per g of source rock: Fair - 3 to 5 mg/g, Good - 5 to 10 mg/g . Let's take 5mg/g. (conservative!)
* Rock density, assume 2.5 = 2.5 million g per m³
* 2.5M x 0.005 = 12.5g methane per m³
* Methane density = 0.657kg/m³
* 12.5 / 657 =0.19 m³ methane per m³ source rock
= 190mm m³ methane per km³ source rock
* 35.3 ft³ per m³ = 6.7 BCF per km³
Using the relatively conservative numbers provided previously for the Guercif graben, that comes to about 25 TCF, which looks a lot more sensible. NB - this is a conservative estimate for gas produced from the source rock, which is different to the GIIP.
Apologies again, think I need an early evening coffee. |
Looks like MOU 3 testing might be good and we might be getting news soon.... |
Relatively high turnover indicates the likelihood of news! |
The last 250k trade reported is a buy. Surely we will have an rns next week |
I didn't see you there dave! Hope you aee doing well. |
I don't think there is anything about you that is humble! |
Monday will be FOMO buying and then the RNS will land on Tuesday. IMHO. |
Could be a good Monday! |
Nice run up to close coming |
yes the volume may be an indicator.but to the contrary it could be insiders escaping. all eyes on this now.gl |
5 million is high volume for this share |
will be plenty of opportunity to catch the move if news is positive.silly to be in now and risk a wipeout. gla |
nothing indicated.just trading within its range atm |
Not with this current price action. |
Is it possible news is leaking? |
Looking good |
Another bear trap |
This seems to be the basis for company confidence imo!Executive Chairman's 's ReportDear Shareholder,The first six months of 2023 has seen the Company successfully plan and implement a three-well drilling programme onshore Morocco in line with its strategy of focussing on high impact drilling for gas in Morocco.Results from the MOU-3 well completed for rigless testing in June were particularly encouraging and helped to de-risk the Compressed Natural Gas ("CNG") development case. This is the Company's preferred scenario for supplying the industrial gas market in Morocco to help reduce reliance on carbon intensive Liquified Petroleum Gas imports. Importantly MOU-3 confirmed the interpretation of the results of the MOU-1 well completed in July 2021 and established a new gas basin covering up to 240 km(2) in the northwest corner of the Guercif Licence |
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